Conversion of Warrants. At the Effective Time (except as set forth under Section 2.6.5), each of the then outstanding Warrants ("BIZ Warrants") to purchase BIZ Common Stock will, by virtue of the Merger and without any further action on the part of any holder, be converted into a Warrant (collectively, the "Assumed Warrants") to purchase that number of shares of Litronic Common Stock determined by multiplying the number of shares of BIZ Common Stock subject to the BIZ Warrants at the Effective Time by the Exchange Ratio, at an exercise price per share of Litronic Common Stock equal to the exercise price per share of the BIZ Warrant immediately prior to the Effective Time divided by the Exchange Ratio and rounded up to the nearest whole cent. If the foregoing calculation results in an Assumed Warrant being exercisable for a fraction of a share of Litronic Common Stock, then the number of shares of Litronic Common Stock subject to that warrant will be rounded to the nearest whole number of shares.
Conversion of Warrants. On the Effective Date, by reason of the Exchange, each of the issued and outstanding Bank Warrants shall be converted into the right to receive one (1) whole warrant of Company Warrants and all of the issued and outstanding Bank Warrants shall thereupon be cancelled.
Conversion of Warrants. Simultaneously with the repurchase of the Series C Preferred Stock as set forth in paragraph 1, the Series C Warrants shall be cancelled and shall cease to be outstanding and will be exchanged for an aggregate of 600,000 shares of Common Stock, to be issued pro rata based on the number of Series C Warrants held. The holders of the shares of Common Stock for which the Series C Warrants are exchanged shall have the same registration rights as such holders had under the agreement dated as of September 10, 1996 between such holders and the Company, with respect to shares of Common Stock for which the Series C Warrants were exercisable.
Conversion of Warrants. All warrants to purchase Company Shares issued and outstanding at the Closing of the Merger, as set forth in the attached Exhibit F (“Company Warrants”) will, by virtue of the Merger and without any action on the part of Shell, Company or the holders of the Warrants, be converted into and will become warrants to purchase Shell Shares (“Shell Warrants”) as part of the Conversion Ratio, on the same terms and conditions as those set forth in Exhibit F.
Conversion of Warrants. (i) At the Effective Time, all warrants to purchase Company Common Stock then outstanding (individually, an “Outstanding Company Warrant,” and collectively, the “Outstanding Company Warrants”), by virtue of the Merger and without any action on the part of the holder thereof, shall be assumed by Parent in accordance with this Section 2.01.
Conversion of Warrants. All warrants to purchase Company Shares issued and outstanding at the Closing will, by virtue of the Merger and without any action on the part of CTHE, Company or the holders of the warrants, be converted into and will become warrants to purchase an equal number of CTHE Shares on the same terms.
Conversion of Warrants. If InfoSpace engages in a merger or consolidation of InfoSpace into or with, or sale of all or substantially all of its assets to, another entity (the "Acquiring Entity"), then immediately upon the occurrence of such event (of which InfoSpace will give AOL at least 30 days written notice), AOL will be entitled to exchange the Warrants (whether vested or unvested at the time of such occurrence) for equivalent Warrants in the Acquiring Entity subject to the same terms and conditions (including without limitation the provisions regarding vesting) of the Warrants hereunder.
Conversion of Warrants. Pursuant to Section 3.6(c) of the Business Combination Agreement, each Warrant that is outstanding immediately prior to the Second Merger Effective Time (as defined in the Business Combination Agreement) shall cease to represent a right to acquire the number of SPAC Class A Shares set forth in such Warrant and shall be converted at the Second Merger Effective Time into a right to acquire that number of Pubco Ordinary Shares equal to (i) the number of SPAC Class A Shares set forth in such Warrant multiplied by (ii) the Exchange Ratio (as defined in the Business Combination Agreement) on substantially the same terms as were in effect immediately prior to the Second Merger Effective Time under the terms of the Existing Warrant Agreement.
Conversion of Warrants. 6.2.1 AK Cleemann undertakes to convert all of its Warrants into Muuto Holding Shares before Closing, in order for these newly issued Muuto Holding Shares to be included as part of the Sale Shares, and the other Sellers undertake to take any action within their power which may be necessary for the due conversion of the Warrants into Muuto Holding Shares.
Conversion of Warrants. On the Closing Date, the Warrants shall be cancelled and converted into the right of Contrarian to receive the Warrant Stock Amount. The "WARRANT STOCK AMOUNT" shall mean shares of Xxxxxx Common Stock equal to (i) the Exchange Price MINUS the exercise price of each of the Warrants, (ii) MULTIPLIED by the total number of Warrants at each such exercise price, and (iii) DIVIDED by the Exchange Price. For example, if the Exchange Price is $5.50, the exercise price of the Warrants is $1.00 per share and there are 103,644 Warrants, the Warrant Stock Amount would equal 84,799 shares of Xxxxxx Common Stock (($5.50 - $1.00) X 103,644/$5.50).
